Nissan Chemical (OTCMKTS:NNCHY) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Nissan Chemical Corporation Unsponsored ADR (OTCMKTS:NNCHY) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $46.88 and traded as low as $45.22. Nissan Chemical shares last traded at $45.22, with a volume of 264 shares traded.

Nissan Chemical Price Performance

The company has a 50 day moving average price of $54.59 and a 200 day moving average price of $46.88. The company has a market capitalization of $6.10 billion and a price-to-earnings ratio of 17.80. The company has a current ratio of 2.96, a quick ratio of 1.92 and a debt-to-equity ratio of 0.08.

Nissan Chemical (OTCMKTS:NNCHY) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.43 earnings per share for the quarter. The company had revenue of $419.70 million for the quarter. Nissan Chemical had a return on equity of 20.77% and a net margin of 17.93%.

Nissan Chemical Company Profile

Nissan Chemical Corporation is a Japan-based chemical company with roots dating to 1887, when it was established as Tokyo Artificial Fertilizer Company. The company later became known as Nissan Chemical Industries before adopting its current name in 2018. The company develops and manufactures products across several businesses, including industrial chemicals, performance materials, agricultural chemicals and healthcare. Its offerings include materials used in semiconductor and display manufacturing, as well as crop-protection products such as pesticides and herbicides.